Wpp Plc (LON:WPP) Stock Rating Reaffirmed by Liberum Capital
Liberum Capital reiterated their buy rating on shares of Wpp Plc (LON:WPP) in a report released on Monday, October 2nd. Liberum Capital currently has a GBX 1,865 ($24.52) price objective on the stock.
WPP has been the subject of several other reports. Shore Capital cut Wpp Plc to a hold rating in a research report on Tuesday, June 27th. Barclays PLC restated an overweight rating and set a GBX 2,025 ($26.62) target price on shares of Wpp Plc in a research report on Friday, July 7th. Goldman Sachs Group, Inc. (The) restated a buy rating on shares of Wpp Plc in a research report on Wednesday, September 13th. Citigroup Inc. restated a buy rating and set a GBX 2,100 ($27.61) target price on shares of Wpp Plc in a research report on Thursday, September 28th. Finally, Macquarie restated an outperform rating and set a GBX 1,800 ($23.67) target price on shares of Wpp Plc in a research report on Tuesday, August 1st. Six research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Wpp Plc has an average rating of Buy and a consensus price target of GBX 1,830.48 ($24.07).
Wpp Plc (WPP) traded up 0.22% during mid-day trading on Monday, reaching GBX 1378.00. The company had a trading volume of 3,370,128 shares. Wpp Plc has a 12-month low of GBX 1,345.00 and a 12-month high of GBX 1,928.07. The stock has a 50 day moving average price of GBX 1,396.65 and a 200-day moving average price of GBX 1,587.93. The stock’s market capitalization is GBX 17.45 billion.
The company also recently announced a dividend, which will be paid on Monday, November 6th. Stockholders of record on Thursday, October 5th will be given a GBX 22.70 ($0.30) dividend. This represents a dividend yield of 1.55%. The ex-dividend date of this dividend is Thursday, October 5th.
In other news, insider Jacques Aigrain bought 4,000 shares of the firm’s stock in a transaction dated Friday, August 25th. The stock was purchased at an average price of GBX 1,439 ($18.92) per share, with a total value of £57,560 ($75,677.10).
Wpp Plc Company Profile
WPP plc provides various communications services worldwide. The company operates through four segments: Advertising and Media Investment Management; Data Investment Management; Public Relations & Public Affairs; and Branding & Identity, Healthcare and Specialist Communications. The Advertising and Media Investment Management segment provides advertising services; and media planning and buying, and specialist sponsorship, and branded entertainment services.
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